Emerging market equity and bond funds posted inflows in the week ended Wednesday, as investors' appetite for risk increased amid hopes the US Federal Reserve may soon stop raising interest rates, Emerging Portfolio Fund Research (EPFR) said on Friday.
Equity funds saw net positive buying of $509.4 million while bond funds had inflows of $164.5 million in the period, after posting redemptions for at least nine of the past ten weeks, EPFR said.
Both fund categories had briefly received inflows in the beginning of July, it said, but concerns over rising oil prices spurred by Middle East tensions left investors cautious later in the month.
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